So Citi chair Dick Parsons and former Bear Stearns CEO Alan Schwartz sat down with CNN Money to commemorate the anniversary of Lehman Brothers biting the big one today, but before they could get down to business, an extremely comatosed-looking Alan Schwartz had a couple of things he thought he’d take the opportunity to put out there. 1. Personally, it was clear to him that there potentially was some sort of global financial shitstorm on the horizon prior to “the situation” (his words) at BSC, but there really wasn’t much anything anyone could do about it. 2. He stands by the statement he made the Tuesday before the sucker went down that Bear was awash with liquidity. 3. While no one has yet to conclusively prove hedge funds were colluding to destroy the firm, Al believes “they probably were. Short sellers were trying to get people to stampede.” 4. Bear was “forced” against its own will to merge with JPMorgan.
Alan Schwartz Still Believes Liquidity At Bears Stearns Was Not A Problem Prior To Short Sellers Laying Siege To The Building
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
YOU LIE!
May the Schwartz be with you…
say that to my fuckin face!
-ken griffin
d-e-n-i-a-l
Bear Stearns is still the greatest shop in all da land!
Kanye West
Kanye West is a RACIST.
Bear Sterns doesn’t care about Black People.
Gee, I guess the fact that BSC being “stuffed to the gills with toxic waste” had anything to do with it.
Even the morons watched the PBS Frontline special and understood that line, Alan.
Kanye West is a muthafuckin gay fish.
Dennis Kneale
@8 shut your mouth when I’m speaking to you.
I feel ya’ Alan, I really do. My company had the same thing happen, what a coincidence. I hate Jim Chanos! Gotta run, internet quota time is almost up, and the warden gets really mad if I go over it.
J Skilling
86 years of beautiful tradition, from Joseph Bear to Jimmy Cayne. You’re goddamn right I’m living in the fucking past!
Black people dont care about Kanye West
Gayfish do not care about Kanye West
A full bottle of congac, two lines of coke, hes 500 feet from the stage, its dark and hes wearing sunglasses
@ 12–> Your right…one of the most powerfull & influential shops in all of the land!
I know you guys have been making fun of my ‘POT’ comment and I wanted to say that it was supposed to be a JOKE!
Love,
Erin B. xoxoxo
What is the best method for removing seminal fluid from fur?
Dennis Kneale
This is preposterous. These Wall Street thieves ought to take responsibility for their own errors, and admit it wasn’t the short sellers, but rather the long sellers, that caused the problem.
–Mark Klein, M.D.
Erin Burnett is currently raiding jimmy caynes cupboard. hes always got a bag of funions handy
DK, even though you’re a sniveling busone, I’m gonna help ya out, dis one time, even though you’re a cacsentneze. Use seltzer.
-cg
Hey Dennis, whatever you do, make sure to stay within state lines.
Eliot Spitzer
Dick Parsons doesnt care about black people
BHO doesn’t care about black people.
17 That would be Club Soda and a toothbrush.
Monica Lewinsky
Black people dont care about black people
Jimmy Cayne loves country music….
how could you be so heartless?
Dennis Kneale
black people dont care about dennis kneale
@15
I think it was Larry David who said, “There are two kinds of people who wear sunglasses indoors: the blind and assholes.”
Greg Michaels doesnt care about anal hair coloring
Black people don’t care about Native Americans.
I will say this about Cliff Asness. He is consistent.
@32 -
Black people don’t care about Cliff Asness
Black people don’t care about CNBC.
Black people don’t care about how many chicken McNuggets spiky-haired Asian dudes can eat before they (almost) get fired.
I don’t fregarsene about bloggers.
-cg
(fregarsene v. (vulgar) not to give a damn (di about): Me ne frego dei suoi ordini I don’t give a damn about his orders; E chi se ne frega? Who gives a damn?)
@15 – A nice update on a classic
kayne doesn’t care about barry…
http://www.youtube.com/watch?v=VxKIcrDsJAs&feature=player_embedded
fake cg @36 doesn’t care about verb conjugation
I love country music also! Cliff, call me re:the card-game with Jimmy.
Kanye West loves him some Serena!
Heeeeere’s Charlie. Pluggin the book to start!!
I love me some Gasbag!
Al Pacino doesnt care about Kanye West
Colonel Sanders cares about black people.
Watermelon farmers care about black people.
45, 46 – youre an idiot. probably from charlotte
Al Sharpton doesnt care about black people
Do black people care about black people? Do white people care?
jhIiTu Really enjoyed this post.Much thanks again. Keep writing.